Concord Asset Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), Concord Asset Management, LLC reported 120 stock positions worth $577.3 million. Its top holding was Ste STR SPDR PT DW Eu ETF (SPDW) at 5.6% of the portfolio, followed by SS SPDR P St C Corp. ETF (SPSB, 5.4%) and iShares 0-1 Year Treasury Bo (SHV, 5.4%). Compared with Q3 2025, it opened 1 new position, sold out of 2, added to 80 and reduced 37. The biggest buy was Truist Financial (TFC, shares +529%) and the biggest sale Wisdomtree US Midcap Dividen (DON, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- ABINGDON, VA
- CIK
- 0002031885
- Portfolio Value
- $577.3M (Q4 2025)
- SEC Filing
- 0002031885-26-000001 ↗ filed Jan 29, 2026
Holdings Value
Holdings 120 stocks · $577.3M
| SPDW Ste STR SPDR PT DW Eu ETF | 5.58% | 725,152 | $32.2M | Add +4.2% |
| SPSB SS SPDR P St C Corp. ETF | 5.40% | 1,033,002 | $31.2M | Add +3.2% |
| SHV iShares 0-1 Year Treasury Bo | 5.38% | 282,211 | $31.1M | Add +3.1% |
| SPTI SS SPDR P Int Term TSY ETF | 5.31% | 1,063,605 | $30.7M | Add +3.5% |
| HYBL SS Blackstone High Inc. ETF | 5.30% | 1,076,804 | $30.6M | Add +3.6% |
| SPIB SS SPDR P Int C Corp. ETF | 5.30% | 904,674 | $30.6M | Add +3.7% |
| SPYG SS SPDR P S&P 500 Growth ETF | 3.83% | 207,074 | $22.1M | Add +1.4% |
| AVEM Avantis Emerging Markets Eq | 3.05% | 228,930 | $17.6M | Add +4.8% |
| NVDA Nvidia Corp. | 3.04% | 94,032 | $17.5M | Add +0.8% |
| AAPL Apple Inc. | 2.73% | 58,064 | $15.8M | Add +0.2% |
| MSFT Microsoft Corp. | 2.55% | 30,407 | $14.7M | Add +4.0% |
| AVGO Broadcom Inc. | 1.82% | 30,345 | $10.5M | Add +0.8% |
| DWX State Street SPDR S&P Intern | 1.79% | 235,513 | $10.3M | Add +4.4% |
| AMZN Amazon.com Inc. | 1.57% | 39,236 | $9.1M | Add +1.7% |
| GOOGL Alphabet Inc. Class A | 1.56% | 28,784 | $9.0M | Reduce -0.1% |
| AVUV Avantis US Small Cap Value | 1.52% | 86,126 | $8.8M | Add +3.7% |
| JPM JPMorgan Chase & Co. | 1.49% | 26,611 | $8.6M | Add +2.1% |
| XMHQ Invesco S&P Midcap Qual ETF | 1.46% | 82,057 | $8.4M | Add +3.4% |
| DON Wisdomtree US Midcap Dividen | 1.45% | 162,452 | $8.4M | Reduce -1.8% |
| META Meta Platforms Inc. Class A | 1.37% | 11,995 | $7.9M | Add +7.1% |
| IGRO iShares Intl Div Growth ETF | 1.17% | 81,375 | $6.7M | Add +5.2% |
| VIGI Vanguard Int Div App Indx FD | 1.15% | 72,450 | $6.6M | Add +2.8% |
| AVLV Avantis US Large Cap Value | 1.13% | 85,832 | $6.5M | Reduce -1.2% |
| DGRO iShares Core Dividend Growth | 0.97% | 81,085 | $5.6M | Reduce -2.2% |
| GS Goldman Sachs Group Inc. | 0.88% | 5,790 | $5.1M | Add +1.4% |
| CAT Caterpillar Inc. | 0.75% | 7,514 | $4.3M | Reduce -2.0% |
| MS Morgan Stanley | 0.74% | 24,127 | $4.3M | Add +1.2% |
| KO The Coca-Cola Co. | 0.74% | 61,000 | $4.3M | Add +1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.72% | 8,275 | $4.2M | Add +2.2% |
| XOM Exxon Mobil Corp. | 0.71% | 33,968 | $4.1M | Add +2.1% |
| LMT Lockheed Martin Corp. | 0.69% | 8,287 | $4.0M | Add +2.0% |
| NOBL Proshares S&P 500 Dividend A | 0.69% | 38,177 | $4.0M | Add +0.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.68% | 43,210 | $3.9M | Add +28.0% |
| TSLA Tesla Inc. | 0.65% | 8,371 | $3.8M | Reduce -0.1% |
| JNJ Johnson & Johnson | 0.65% | 18,132 | $3.8M | Reduce -0.6% |
| NEE Nextera Energy Inc. | 0.64% | 45,707 | $3.7M | Reduce -0.9% |
| HD Home Depot Inc. | 0.61% | 10,305 | $3.5M | Add +9.6% |
| LLY Eli Lilly & Co. | 0.60% | 3,202 | $3.4M | Reduce -1.4% |
| UNP Union Pacific Corp. | 0.57% | 14,299 | $3.3M | Add +1.6% |
| AMAT Applied Materials Inc. | 0.57% | 12,867 | $3.3M | Reduce -1.6% |
| TFC Truist Financial Corp. | 0.56% | 65,686 | $3.2M | Add +528.6% |
| STLD Steel Dynamics Inc. | 0.55% | 18,741 | $3.2M | Add +0.1% |
| MA Mastercard Inc. Class A | 0.55% | 5,517 | $3.1M | Add +3.4% |
| MCK McKesson Corp. | 0.54% | 3,795 | $3.1M | Add +0.3% |
| SO The Southern Co. | 0.54% | 35,683 | $3.1M | Add +2.4% |
| V Visa Inc. Class A | 0.53% | 8,735 | $3.1M | Add +4.0% |
| COP Conocophillips | 0.52% | 32,044 | $3.0M | Add +0.2% |
| AMGN Amgen Inc. | 0.52% | 9,112 | $3.0M | Reduce -0.2% |
| DVYE iShares Emerging Markets Div | 0.51% | 94,656 | $2.9M | Add +1.0% |
| CVS CVS Health Corp. | 0.50% | 36,729 | $2.9M | Add +1.9% |
| DVYA iShares Asia/Pacific Dividen | 0.50% | 65,829 | $2.9M | Add +2.3% |
| LRCX Lam Research Corp. | 0.50% | 16,888 | $2.9M | Reduce -2.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.49% | 25,110 | $2.9M | Add +4.5% |
| COST Costco Wholesale Corp. | 0.48% | 3,233 | $2.8M | Add +5.8% |
| WMT Walmart Inc. | 0.48% | 24,995 | $2.8M | Add +2.4% |
| CRM Salesforce Inc. | 0.48% | 10,494 | $2.8M | Reduce -0.5% |
| SMH Vaneck Semiconductor ETF | 0.48% | 7,685 | $2.8M | Reduce -3.1% |
| PG The Procter & Gamble Co. | 0.45% | 18,312 | $2.6M | Add +4.9% |
| GOOG Alphabet Inc. Class C | 0.44% | 8,105 | $2.5M | Add +0.6% |
| CB Chubb Ltd. | 0.43% | 7,940 | $2.5M | Add +1.1% |
| GWW WW Grainger Inc. | 0.42% | 2,422 | $2.4M | Add +2.9% |
| INTU Intuit Inc. | 0.42% | 3,667 | $2.4M | Add +2.9% |
| ETN Eaton Corp. PLC | 0.41% | 7,479 | $2.4M | Add +5.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.39% | 14,511 | $2.2M | Add +1.3% |
| TRV The Travelers Cos Inc. | 0.39% | 7,673 | $2.2M | Add +2.5% |
| WSM Williams-Sonoma Inc. | 0.38% | 12,294 | $2.2M | Add +3.5% |
| ADP Automatic Data Processing | 0.36% | 8,126 | $2.1M | Add +4.0% |
| KLAC KLA Corp. | 0.35% | 1,666 | $2.0M | Reduce -0.6% |
| MCD McDonald's Corp. | 0.34% | 6,451 | $2.0M | Add +1.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.34% | 6,639 | $2.0M | Reduce -0.8% |
| SCHD Schwab US DVD Equity ETF | 0.33% | 69,825 | $1.9M | Reduce -3.1% |
| XSHD Invesco S&P Smallcap High Di | 0.33% | 146,937 | $1.9M | Add +2.9% |
| ORCL Oracle Corp. | 0.31% | 9,206 | $1.8M | Add +28.9% |
| ISRG Intuitive Surgical Inc. | 0.31% | 3,137 | $1.8M | Reduce -1.4% |
| CDNS Cadence Design SYS Inc. | 0.31% | 5,643 | $1.8M | Add +4.2% |
| UNH Unitedhealth Group Inc. | 0.30% | 5,295 | $1.7M | Add +2.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.28% | 20,008 | $1.6M | Add +6.3% |
| PANW Palo Alto Networks Inc. | 0.28% | 8,654 | $1.6M | Add +4.3% |
| ABT Abbott Laboratories | 0.27% | 12,662 | $1.6M | Add +4.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.25% | 26,276 | $1.4M | Reduce -0.1% |
| C Citigroup Inc. | 0.25% | 12,306 | $1.4M | Reduce -0.4% |
| NOW ServiceNow Inc. | 0.25% | 9,367 | $1.4M | Add +7.5% |
| WFC Wells Fargo & Co. | 0.24% | 15,055 | $1.4M | Reduce -0.6% |
| DUK Duke Energy Corp. | 0.24% | 11,781 | $1.4M | Reduce -2.5% |
| CL Colgate-Palmolive Co. | 0.23% | 17,110 | $1.4M | Add +1.9% |
| VZ Verizon Communications Inc. | 0.23% | 33,114 | $1.3M | Add +0.6% |
| CSCO Cisco Systems Inc. | 0.22% | 16,843 | $1.3M | Reduce -0.3% |
| ABBV Abbvie Inc. | 0.22% | 5,619 | $1.3M | Reduce -0.1% |
| VOO Vanguard S&P 500 ETF | 0.22% | 2,020 | $1.3M | No change |
| AFL Aflac Inc. | 0.22% | 11,387 | $1.3M | Add +0.3% |
| D Dominion Energy Inc. | 0.22% | 21,263 | $1.2M | Add +1.3% |
| CMCSA Comcast Corp. Class A | 0.21% | 40,337 | $1.2M | Add +11.4% |
| SPDG SS SPDR P S&P Sec N D ETF | 0.21% | 29,204 | $1.2M | Reduce -2.4% |
| TDV Proshares S&P Tech DVD Arist | 0.20% | 13,551 | $1.2M | Reduce -3.8% |
| CVX Chevron Corp. | 0.20% | 7,501 | $1.1M | Add +0.6% |
| JQUA JPMorgan US Quality Factor | 0.19% | 17,513 | $1.1M | Reduce -2.4% |
| MRSH Marsh & McLennan Cos | 0.18% | 5,684 | $1.1M | Reduce -5.8% |
| BMY Bristol-Myers Squibb Co. | 0.18% | 19,319 | $1.0M | Reduce -2.2% |
| PFE Pfizer Inc. | 0.18% | 41,769 | $1.0M | Reduce -0.3% |
| QCOM Qualcomm Inc. | 0.18% | 5,988 | $1.0M | Reduce -0.0% |
Portfolio Sells Q3 2025 → Q4 2025
| DON Wisdomtree US Midcap Dividen | Reduce -1.8% | 1.45% | −0.12 |
| NULV Nuveen ESG Large-Cap Val ETF | Sold out | 0.00% | −0.06 |
| DGRO iShares Core Dividend Growth | Reduce -2.2% | 0.97% | −0.05 |
| DFAI Dimensional International Co. | Sold out | 0.00% | −0.04 |
| MRSH Marsh & McLennan Cos | Reduce -5.8% | 0.18% | −0.04 |
| DUK Duke Energy Corp. | Reduce -2.5% | 0.24% | −0.03 |
| SCHD Schwab US DVD Equity ETF | Reduce -3.1% | 0.33% | −0.03 |
| TSLA Tesla Inc. | Reduce -0.1% | 0.65% | −0.02 |
| DSI iShares ESG MSCI KLD 400 ETF | Reduce -35.5% | 0.04% | −0.02 |
| TDV Proshares S&P Tech DVD Arist | Reduce -3.8% | 0.20% | −0.02 |
| ABBV Abbvie Inc. | Reduce -0.1% | 0.22% | −0.01 |
| PFE Pfizer Inc. | Reduce -0.3% | 0.18% | −0.01 |
| JQUA JPMorgan US Quality Factor | Reduce -2.4% | 0.19% | −0.01 |
| AVLV Avantis US Large Cap Value | Reduce -1.2% | 1.13% | −0.01 |
| SPDG SS SPDR P S&P Sec N D ETF | Reduce -2.4% | 0.21% | −0.01 |
| PEP Pepsico Inc. | Reduce -1.5% | 0.17% | −0.01 |
| XEL Xcel Energy Inc. | Reduce -0.0% | 0.04% | −0.01 |
| FLTR Vaneck Ig Floating Rate ETF | Reduce -2.0% | 0.08% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.1% | 0.14% | −0.00 |
| QCOM Qualcomm Inc. | Reduce -0.0% | 0.18% | −0.00 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -0.0% | 0.05% | −0.00 |
| IBM Intl Business Machines Corp. | Reduce -0.8% | 0.34% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -0.9% | 0.64% | +0.00 |
| BAC Bank of America Corp. | Reduce -0.1% | 0.25% | +0.00 |
| SMH Vaneck Semiconductor ETF | Reduce -3.1% | 0.48% | +0.01 |
| WFC Wells Fargo & Co. | Reduce -0.6% | 0.24% | +0.01 |
| CSCO Cisco Systems Inc. | Reduce -0.3% | 0.22% | +0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -2.2% | 0.18% | +0.02 |
| C Citigroup Inc. | Reduce -0.4% | 0.25% | +0.02 |
| KLAC KLA Corp. | Reduce -0.6% | 0.35% | +0.02 |
| CRM Salesforce Inc. | Reduce -0.5% | 0.48% | +0.03 |
| JNJ Johnson & Johnson | Reduce -0.6% | 0.65% | +0.04 |
| AMGN Amgen Inc. | Reduce -0.2% | 0.52% | +0.05 |
| ISRG Intuitive Surgical Inc. | Reduce -1.4% | 0.31% | +0.05 |
| CAT Caterpillar Inc. | Reduce -2.0% | 0.75% | +0.08 |
| LRCX Lam Research Corp. | Reduce -2.1% | 0.50% | +0.08 |
| AMAT Applied Materials Inc. | Reduce -1.6% | 0.57% | +0.09 |
| LLY Eli Lilly & Co. | Reduce -1.4% | 0.60% | +0.15 |
| GOOGL Alphabet Inc. Class A | Reduce -0.1% | 1.56% | +0.29 |
Portfolio Buys Q3 2025 → Q4 2025
| TFC Truist Financial Corp. | Add +528.6% | 0.56% | +0.47 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +4.2% | 5.58% | +0.17 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +28.0% | 0.68% | +0.12 |
| GOOG Alphabet Inc. Class C | Add +0.6% | 0.44% | +0.08 |
| STLD Steel Dynamics Inc. | Add +0.1% | 0.55% | +0.08 |
| AVEM Avantis Emerging Markets Eq | Add +4.8% | 3.05% | +0.07 |
| GS Goldman Sachs Group Inc. | Add +1.4% | 0.88% | +0.06 |
| AAPL Apple Inc. | Add +0.2% | 2.73% | +0.05 |
| MS Morgan Stanley | Add +1.2% | 0.74% | +0.05 |
| IGRO iShares Intl Div Growth ETF | Add +5.2% | 1.17% | +0.05 |
| DWX State Street SPDR S&P Intern | Add +4.4% | 1.79% | +0.04 |
| IDXX Idexx Laboratories Inc. | New | 0.04% | +0.04 |
| AMZN Amazon.com Inc. | Add +1.7% | 1.57% | +0.03 |
| XOM Exxon Mobil Corp. | Add +2.1% | 0.71% | +0.03 |
| CB Chubb Ltd. | Add +1.1% | 0.43% | +0.03 |
| WMT Walmart Inc. | Add +2.4% | 0.48% | +0.03 |
| AVUV Avantis US Small Cap Value | Add +3.7% | 1.52% | +0.02 |
| CTRA Coterra Energy Inc. | Add +5.0% | 0.16% | +0.02 |
| AVGO Broadcom Inc. | Add +0.8% | 1.82% | +0.02 |
| GWW WW Grainger Inc. | Add +2.9% | 0.42% | +0.02 |
| KO The Coca-Cola Co. | Add +1.5% | 0.74% | +0.01 |
| DVYA iShares Asia/Pacific Dividen | Add +2.3% | 0.50% | +0.01 |
| CVS CVS Health Corp. | Add +1.9% | 0.50% | +0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +6.3% | 0.28% | +0.01 |
| TJX TJX Companies Inc. | Add +1.3% | 0.39% | +0.01 |
| V Visa Inc. Class A | Add +4.0% | 0.53% | +0.01 |
| MCK McKesson Corp. | Add +0.3% | 0.54% | +0.01 |
| TRV The Travelers Cos Inc. | Add +2.5% | 0.39% | +0.01 |
| DVYE iShares Emerging Markets Div | Add +1.0% | 0.51% | +0.01 |
| SPGI S&P Global Inc. | Add +4.6% | 0.08% | +0.01 |
| SPAB SS SPDR P Agg Bond ETF | Add +14.5% | 0.06% | +0.00 |
| CMCSA Comcast Corp. Class A | Add +11.4% | 0.21% | +0.00 |
| VIGI Vanguard Int Div App Indx FD | Add +2.8% | 1.15% | +0.00 |
| VYM Vanguard High DVD Yield ETF | Add +3.4% | 0.17% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2.7% | 0.14% | +0.00 |
| SRLN SS Blackstone Sr Loan ETF | Add +2.8% | 0.15% | −0.00 |
| DIS The Walt Disney Co. | Add +4.5% | 0.49% | −0.01 |
| MA Mastercard Inc. Class A | Add +3.4% | 0.55% | −0.01 |
| CI The Cigna Group | Add +0.9% | 0.08% | −0.01 |
| DRI Darden Restaurants Inc. | Add +3.0% | 0.14% | −0.01 |
| JPM JPMorgan Chase & Co. | Add +2.1% | 1.49% | −0.01 |
| MCD McDonald's Corp. | Add +1.9% | 0.34% | −0.01 |
| LIN Linde PLC | Add +3.8% | 0.08% | −0.01 |
| CL Colgate-Palmolive Co. | Add +1.9% | 0.23% | −0.01 |
| CVX Chevron Corp. | Add +0.6% | 0.20% | −0.01 |
| AFL Aflac Inc. | Add +0.3% | 0.22% | −0.01 |
| ITW Illinois Tool Works | Add +1.1% | 0.15% | −0.02 |
| SWKS Skyworks Solutions Inc. | Add +1.7% | 0.07% | −0.02 |
| BLK BlackRock Inc. | Add +2.9% | 0.15% | −0.02 |
| D Dominion Energy Inc. | Add +1.3% | 0.22% | −0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 126 | $645.8M | SPDW, HYBL, SPTI, SPIB, SPSB |
| Q1 2026 | 117 | $591.8M | SPDW, SPSB, SPTI, SPIB, HYBL |
| Q4 2025 | 120 | $577.3M | SPDW, SPSB, SHV, SPTI, HYBL |
| Q3 2025 | 121 | $550.5M | SPSB, SHV, SPDW, HYBL, SPTI |
| Q2 2025 | 201 | $664.8M | NVDA, SPSB, HYBL, SHV, SPIB |
| Q1 2025 | 122 | $453.7M | SPSB, SHV, SPTI, SPIB, SPDW |
| Q4 2024 | 129 | $455.0M | SPTI, SPSB, SHV, SPIB, AAPL |
| Q3 2024 | 125 | $442.5M | SPSB, FLTR, SRLN, SHV, BKLN |
| Q2 2024 | 131 | $403.2M | SPSB, FLTR, SRLN, SHV, BKLN |
| Q1 2024 | 132 | $380.0M | SPSB, SRLN, FLTR, BKLN, SHV |